The number of owner-occupied housing units increased by 8.4 percent from 76.4 million to 82.9 million, according to the latest American Community Survey (ACS) published by the U.S. Census Bureau.
Why it matters: Published annually and in five-year increments, the ACS provides detailed information about the U.S. population that determines how trillions of dollars in federal funds are distributed each year.
By the numbers: The latest numbers comparing ACS data collected between 2014-2018 and 2019-2023, include the following statistics:
- Home values increased from a median of $249,400 to $303,400.
- Counties with the largest home value increases were Pitkin County, CO ($758,800 to $1,131,200); Teton County, WY ($1,007,200 to $1,371,900); Dukes County, MA ($812,400 to $1,104,100) and San Mateo and Santa Clara ($1,210,100 to $1,494,500) counties in California.
- The number of owner-occupied households without a mortgage increased by 3.9 million units, from 36.9 percent to 38.8 percent.
- The U.S. median household income was $78,538, an increase of seven percent when adjusted for inflation to 2023 dollars.
